Essential Utilities Q3 2023 EPS $0.30 Beats $0.29 Estimate, Sales $411.25M Miss $455.23M Estimate
Portfolio Pulse from vinayak@benzinga.com
Essential Utilities (NYSE:WTRG) reported Q3 2023 earnings of $0.30 per share, beating the analyst consensus estimate of $0.29 by 3.45%. This is a 15.38% increase from the same period last year. However, the company's quarterly sales of $411.25 million missed the analyst consensus estimate of $455.23 million by 9.66%, a 5.38% decrease from the same period last year.
November 06, 2023 | 9:43 pm
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Essential Utilities beat EPS estimates but missed sales estimates for Q3 2023. This mixed result could lead to uncertain market reactions.
Essential Utilities reported a beat on earnings per share estimates, which is generally positive for the stock. However, the company missed sales estimates, which is typically seen as negative. These mixed results could lead to an uncertain market reaction in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100